Sulekha.com review / Sulekha review 2018 :- While it’s the age of hyperlocal search start-ups, some of the local service listing portals, such as Just Dial, Asklaila and Sulekha.com, have been in business for quite some time now.
What started off as a collaborative article-writing portal, transformed into a medium that offered free email accounts and, in late 2000, started the online advertisement to those who might be interested in publicising their website via Sulekha.
Given the growth and expansion of e-commerce and mobile business, Sulekha hyderabad was one of the earliest start-ups in India to catch up with the Internet age in the 1990s.
Ranked among the top 50 digital properties in India, Sulekha has doubled its revenue in the past three years and accelerated its growth through its local services app that helps in capturing the local service users need and getting businesses to quote a price for their service need.
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Last week, Sulekha chennai was a winner at the mBillionth awards. mBillionth has been recognising excellence in mobile innovations for the past five years. We are delighted that our mobile app has been considered as a finalist for the upcoming meeting on 23 July, Satya Prabhakar, chief executive and founder of Sulekha, said in an interview before the awards were announced.
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Born in Machilipatnam in Andhra Pradesh, Prabhakar, an alumnus of the National Institute of Technology, Trichy, holds Masters degrees from the University of Florida and an MBA from Warrington College of Business Administration. He worked with various organisations in India and the US before founding Sulekha with his wife in 1998.
Sulekha is now one of India’s largest and fastest growing digital platforms in the local services and listings ecosystem, with over 800 categories serving millions of users and local businesses. It is also the largest regarding having more than 75,000 paid local service providers who cater to more than 2 million users each month. Today, the firm has more than 1,500 employees in 15 offices across India and the US.
In its third round of funding in April, the service listing company raised Rs.175 crore from Singapore sovereign wealth fund GIC and venture capital firm Norwest Venture Partners.
This is a powerful endorsement of the vast potential of the local services opportunity in India and Sulekha ability to prosecute it successfully, said Prabhakar.
The Chennai-based start-up raised its initial investment from Indigo Monsoon Group. In 2006 Norwest invested around $10 million in the company. Initially wholly reliant on advertising to generate revenue, Sulekha.com started charging customers in 2009.
In 2011, Japan-based Mitsui and Co. Ltd had invested $8 million, and in 2007 Norwest had spent $10 million.
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The local services classifieds were redesigned in 2005 to allow users to select their location in different states in the US and Canada. Also, a few Indian cities were added, including Bengaluru, Chennai, Delhi, Hyderabad, Kolkata and Mumbai. Dubai, London and Singapore were also added later.
Currently, Sulekha revenue is nearly $30 million, and it is one of the three digital companies in India that is profitable, apart from Info Edge and Just Dial.
Sulekha.com is one of India’s largest and fastest growing digital platforms for local service need fulfilment in over 40 cities, connecting over 30 million visitors with over 3 million trusted local service businesses each month, said Prabhakar.
Sulekha.com banglore estimates to have captured the needs of 16 million users in 2014-15 and targets 50 million local service user needs in the next two years. According to the firm, those 16 million users were covered via its website, mobile website and mobile app. More than 30% of the user needs for local service happen via the mobile.
Due to the varied nature of services that happen in more than 24,000 location-categories on the website and app each day, we enable users to talk to trusted service providers and track their fulfilment. However, we are experimenting with several models to make it commerce-enabled on both the PC and mobile Web or mobile app, said Param Parameswaran, chairman of Sulekha.
Sulekhas four global investors are GIC (Singapore), Norwest Venture Partners (Palo Alto), Mitsui (Tokyo), IMG (New York).
Mint has a strategic partnership with Digital Empowerment Foundation, which hosts the mBillionth and Manthan awards.
As part of its digital campaign, the video highlights the importance of permanent solutions over quick fixes that users resort to for their local service needs. The campaign also includes a TV commercial which will be telecast nationally on January 16. The TVC will be in different languages such as Hindi, Tamil, Telugu, Bengali and Kannada. Besides the TVC, the campaign will be launched on radio and outdoor platforms as well.
Soumendu Ganguly, head of marketing, Sulekha.com, says, “Sulekha is one of India’s largest digital brands. People know about us, and that’s why we get close to 20 million visitors every month. But, we were considered to be a classified website. With an explosive increase in India’s digital population, upwardly mobile Indians are looking online for all their needs. Sulekha india being an early mover in this category with its vast network of trusted service professionals, wanted to appropriate this space by going on mass media and claiming the category.”
Soumendu Ganguly Satya Prabhakar Tithi Ghosh
Ganguly further adds, “We believe the insight for the campaign is deep-rooted in Indian culture and would strike a chord with the audience. We have all tried to jugaad our way out of situations. While it is a popular practice, we all know that it is not the optimum solution. Local service partners listed on Sulekha understand that consumers aren’t looking for quick fixes, but for permanent solutions. Our “Go #AntiJugaad” campaign echoes this sentiment and aims to reach out to everyone who seeks easy access to professional, high-quality local services.”
Satya Prabhakar, founder and CEO of Sulekha.com, feels that smartphones have ushered in a new era of local services in India and Sulekha.com reviews ideally wants to tap on to it with the campaign. “Smartphones have revolutionised how Indians search for and consume local services. It has become an important business category, and the market’s currently valued at $200 billion. At Sulekha, we had a 90 percent growth in local services demand last year, and it will only grow. We are committed to making this business a success,” says Prabhakar.
Sulekha.com is a web-based discovery and decision-making platform for related local services in India which offers more than 800 local services which include home care, computer training, serviced apartments, party catering, babysitting, yoga lessons and auto repair. The Sulekha business app contains options for both standardised local needs (like pest control) and special requirements (catering or interior design). Along with this, the company has recently received a funding of Rs 175 crore from GIC and Norwest Venture Partners.